What is the difference between social security payment 15 and 16?

The longer the payment period, the more pensions you receive.

According to the inquiry of China Travel Service, there is of course a difference in the payment of old-age insurance after 15 and 16. The longer the payment time, the more pensions you receive. The payment period includes the deemed payment period, and the payment period reaches 15, which is the basis for retirement to enjoy pension benefits on a monthly basis; Endowment insurance 15 years, and you can enjoy pension benefits on a monthly basis after retirement. However, the retirement procedures are still in accordance with the provisions of Guofa (1978) 104, that is, the retirement age is generally 60 years for men and 50 years for women, and 5 years for special jobs. Understanding of "the pension insurance has been paid for 15 years": the pension level is directly linked to the payment period and payment amount, that is, the longer the payment time and the more the payment amount, the higher the pension level. The difference mainly lies in the pension part of personal account, and the time of interruption of payment is not included in the payment period. Legal basis: After the implementation of the Decision of the State Council on Establishing a Unified Basic Old-age Insurance System for Enterprise Employees (Guo Fa [1997] No.26), the basic pension will be paid monthly to those who have participated in the work and whose payment years (including deemed payment years, the same below) have accumulated more than 15 years. Basic pension consists of basic pension and personal account pension. The monthly standard of basic pension at retirement is based on the average monthly salary of local employees in the previous year and my indexed monthly salary, and the payment is paid to 1% every1year. The monthly standard of personal account pension is the amount of personal account storage divided by the number of months, which is determined according to the average life expectancy of urban population and its retirement age and interest when employees retire. If Guo Fa [1997] No.26 worked before the implementation, and retired after the implementation of this decision, and the accumulated payment period has reached 15, transitional pension will be given on the basis of basic pension and personal account pension. The people's governments of all provinces, autonomous regions and municipalities directly under the Central Government shall, in accordance with the principle of reasonable convergence of treatment levels and smooth transition of old and new policies, formulate specific transition measures on the basis of careful calculation and report them to the Ministry of Labor and Social Security and the Ministry of Finance for the record. After the implementation of this decision, if the retirement age is reached but the payment period is less than 15 years, the basic pension will not be issued; Personal account storage amount is paid to me in one lump sum, and the basic old-age insurance relationship is terminated.